Housing Market 2024 Usa Forecast. High prices and elevated mortgage rates are forcing potential buyers to the sidelines of the u.s. After years of soaring home prices driven by low mortgage rates, the us housing market is stabilizing, according to norada real.

In recent months, the us housing market has seen record house prices, mortgage rates quadrupling from 2 to 8%, and price to income multiples worse than 2006. High prices and elevated mortgage rates are forcing potential buyers to the sidelines of the u.s.